- Ray Garrett, Jr.
Ray Garrett, Jr. (
August 11 ,1920 -February 3 ,1980 ,Chicago ,Illinois ) was a senior partner at Gardner Carton inChicago until his appointment as the Chairman of theU.S. Securities and Exchange Commission (SEC) under PresidentRichard Nixon in 1973, where he served for two years.Biography
Garrett, a
Yale College graduate, received his law degree fromHarvard Law School in 1949. He served in the U.S. Army duringWorld War II as a captain in the artillery, where he saw action at theBattle of the Bulge , was in the first American artillery battalion across the Rhine, and earned a bronze star. His father, Ray Garrett, Sr., fought duringWorld War I .He first joined the SEC in 1954 and served as Director of Corporate Regulation before returning to Chicago at Gardner, Carton & Douglas in 1958 as a partner. Garrett's predecessor as Chairman of the SEC,
G. Bradford Cook , had resigned in disgrace, and Garrett helped re-establish trust in the SEC.Garrett spearheaded tough legislation, making his commission one of the strongest in recent history. One of these changes was the demise of fixed commissions on
stock transactions, which met with mixed results.Ray Garrett also participated in revising Parts VII through XI of the
American Law Institute 'sFederal Securities Code which was published the year he died, and was a frequent contributor to journals in his field.The Ray Garrett Jr. Corporate and Securities Institute (http://www.law.northwestern.edu/garrett/) at Northwestern University was established in memory of Garrett.
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